THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Economic review in first nine months
VGP – In the January-September period, Viet Nam attained significant achievements in maintaining the macro-economic stability, curbing inflation and guaranteeing a reasonable growth rate.
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Key economic norms - Source: The General Statistics Office |
In the reviewed period, GDP growth rate touched 5.62%.
Foreign reserve reach a new record level of US$ 35 billion, prompting liquidity capacity, secure financial system safety, stabilizing exchange rate, and mitigating dollarization.
As of mid-September, budget collection was higher than spending and the rate of budget overspending stood at 4.9%.
In the first nine months, CPI growth rate reached a record low over the last 11 years. The positive sign showed that inflation rate would be kept at around 4%, lower than the goal of 7% set by the National Assembly.
In the January-September period, the agro-forestry and fishery sector grew by 3%; industry-construction sector 6.42% and service 5.99%.
However, macro-economic balance remains unstable. The supply-demand relations have yet improved. Export activities still focused on processing and assembling and heavily relied on the FDI sector./.
By Kim Anh